Property Metrics
Steady San Diego
Rents were up 4.8 percent in the year ending in March, continuing to outperform the national average, Yardi Matrix data shows. And at 96.8 percent, the metro’s occupancy rate is one of the highest in the country.
Development
The percentage of industrial under construction decreased by 7 percent, followed by the decrease of 5.2 percent for retail construction, compared to March 2017.
Top 5 Retail Space and Office Building Sales
PropertyShark compiled the top 5 sales in office and retail for April 2017 in New York City.
Investment
The industrial sector had the smallest price per square foot, at $81,000, but increased by 4 percent over the first quarter of 2016.
National Vacancies
Vacancy rates for office markets are expected to decrease by 2.7 percent in the Midwest and remain almost the same as in the first quarter of this year for the other regions.
CMBS Delinquencies
Retail properties had the largest decline, at $932 million, while office decreased by $805 million.
Investment Off to Slow Start in 2017
Following a strong $133.8 billion in transaction volume in the fourth quarter of 2016, investment activity tapered off in the first quarter of this year, hitting $93.6 billion as of March 31, according to Real Capital Analytics data.
Office Sector Offers Opportunity in Q2
Robust job growth bodes well for office properties, despite uncertainty about the current cycle and future political and economic policy.
Record-Breaking Year for DC Multifamily
The capital is experiencing strong fundamentals, including robust employment, healthy population gains and cycle-high rental rates, per-unit prices and median home values.